Exxon to World: Drop Dead
Posted: Sun Apr 20, 2014 10:58 amExxon to World: Drop Dead
[ http://priceofoil.org/2014/03/31/exxon-world-drop-dead/ ]
FOR IMMEDIATE RELEASE 31 March 2014
Contact: Steve Kretzmann,
Oil Change International, steve@priceofoil.org,
202-497-1033
WASHINGTON, DC —ExxonMobil released its carbon asset risk reports on Monday, in response to investor demand.
“If you haven’t yet had the pleasure of reading these reports, let me offer you a shorter version: Exxon to World: Drop Dead,” said Stephen Kretzmann, Executive Director of Oil Change International.
Exxon’s report, “Energy and Carbon – Managing the Risks” [ http://cdn.exxonmobil.com/~/media/Files ... 0Risks.pdf ] flatly states “we do not anticipate society being able to supplant traditional carbon- based forms of energy with other energy forms, such as renewables, to the extent needed to meet this carbon budget”.
Oil Change International Executive Director Stephen Kretzmann’s responded with the following:
“ExxonMobil is saying it doesn’t believe governments will keep their internationally agreed commitments to limit climate change to safe levels. This should not come as any surprise. Of course they don’t believe governments are going to address climate change adequately — they are in fact betting billions on the failure of climate and clean energy policy. And they’re shoring up their bet by buying politicians and spending millions to sow doubt and promote inaction.
Still, these reports represent the beginning of the next phase of the climate fight. Exxon is no longer ignoring or denying climate science. Now it is denying that the American people and people around the world have the will and the power to change our futures and save our children.
They are wrong and we look forward to proving it to them.”
Together with the Other 98% and Environmental Action, Oil Change International runs the “Exxon Hates Your Children” campaign, targeting the billions in government subsidies Exxon and other fossil fuel companies receive each year.
More can be found at [ http://exxonhatesyourchildren.com ] ###
= = = = = = =
ExxonMobil Ignores IPCC Warning, Vows to Burn All Oil Reserves
[ http://ecowatch.com/2014/04/14/exxon-cl ... -reserves/ ]
Andy Rowell, Oil Change International | April 14, 2014 11:22 am |
- - - -
QUOTE: “At the time, Executive Director (of Oil Change International) Steve Kretzmann said: “Of course they don’t believe governments are going to address climate change adequately—they are in fact betting billions on the failure of climate and clean energy policy. And they’re shoring up their bet by buying politicians and spending millions to sow doubt and promote inaction.””[/b]
- - - - -
Yesterday the world’s leading climate scientists, the Intergovernmental Panel on Climate Change (IPCC), published their final report [ http://ecowatch.com/2014/04/14/ipcc-fos ... ivestment/ ] in their recent trilogy of warnings about climate change. [ http://ecowatch.com/climate-change-news/ ]
The latest authoritative document, produced by 1,250 international scientists and approved by nearly 200 governments, argued that climate change can be avoided if we move fast to decarbonise the global economy, without having to sacrifice living standards energy.
“It does not cost the world to save the planet,” said economist Professor Ottmar Edenhofer, the co-chair of the report.
And the sooner we act the cheaper and better it will be. The report concluded that averting a two degree Celsius increase in temperature would only limit growth by the relatively tiny amount of 0.06 percent. But we have to act now if fighting climate change is to remain affordable. “The report is clear: the more you wait, the more it will cost [and] the more difficult it will become,” argued EU Climate Change Commissioner, Connie Hedegaard. [ http://www.theguardian.com/environment/ ... -report-un ]
A business-as-usual scenario [ http://www.theguardian.com/environment/ ... -report-un ] would lead to a catastrophic temperature rise of 3.7 Celsius to 4.8 Celsius rise in temperature before 2100. A temperature rise of that nature would wreak havoc on the climate and would vehemently alter life as we know it, causing significant sea level rise and extreme weather.
But it is this business-as-usual scenario that Exxon is betting on. Big time.
Two weeks ago, on the same day as the IPCC’s second report on climate change, [ http://ecowatch.com/2014/03/31/un-warns ... y-mankind/ ] Exxon published a deeply cynical rebuke in a report to investors. The oil company argued that, because it was “highly unlikely” that governments would address climate change, it was going to carry on drilling for oil and gas regardless.
ExxonMobil’s carbon asset risk report, which was published in response to investor demand, was a brazen, arrogant and deeply flawed vision of the future.
The oil company [ http://cdn.exxonmobil.com/~/media/Files ... 0Risks.pdf ] argued that “we are confident that none of our hydrocarbon reserves are now or will become ‘stranded’.”
This statement blindly flies in the face of the indisputable scientific evidence that a vast majority of fossil fuels will need to stay in the ground, if dangerous, runaway climate change will be avoided.
For the past decade a growing number of institutional investors, scientists and activists have argued that we cannot afford to burn all the fossil fuel reserves, if we want to keep climate change to below two degrees warming. [ http://ecowatch.com/2013/12/03/james-ha ... isastrous/ ]
The respected specialists in this area, Carbon Tracker [ http://www.theguardian.com/environment/ ... ash-crisis ] issued a report last year which concluded that at least two-thirds of fossil fuel reserves would have to remain underground if the world was to meet existing internationally agreed targets to avoid the threshold for “dangerous” climate change.
Exxon’s statement [ http://www.theguardian.com/environment/ ... -fuels-oil ] is a two-fingered response to this analysis and the latest IPCC report. Natasha Lamb, director of equity research at Arjuna Capital, a sustainable wealth management group responded by saying that “now investors know that Exxon is not addressing the low carbon scenario and (is) placing investor capital at risk.”
In response to Exxon’s statement Oil Change International [ http://priceofoil.org/ ] issued a press release, Exxon to World: Drop Dead, [ http://priceofoil.org/2014/03/31/exxon-world-drop-dead/ ] which sums up the oil company’s attitude.
At the time, Executive Director Steve Kretzmann said: “Of course they don’t believe governments are going to address climate change adequately—they are in fact betting billions on the failure of climate and clean energy policy. [ http://ecowatch.com/business/renewables/ ] And they’re shoring up their bet by buying politicians and spending millions to sow doubt and promote inaction.”
As Steve pointed out, what Exxon is doing is the next part of its long running campaign to delay action on climate change. For decades the oil giant has led the denial campaign against climate change, spending tens of millions in doing so.
So we have cobbled together a quick snapshot of the company’s 25 year “Drop Dead” denial campaign, where the oil company has deliberately obfuscated the debate, exaggerating the scientific uncertainties. Although the company is no longer ignoring or denying climate science, its denial campaign has entered into a new phase.
As Steve Kretzmann said last week: “Now it is denying that the American people and people around the world have the will and the power to change our futures and save our children.”
But this latest excuse for inaction is just part of Exxon’s twenty five years of saying to the world: “Drop Dead”
[b]MORE:
[ http://ecowatch.com/2014/04/14/exxon-cl ... -reserves/ ]
YOU ALSO MIGHT LIKE
13 Useful Tips for Climate Action From the IPCC Report
[ http://ecowatch.com/2014/04/02/13-guide ... cc-report/ ]
Two New Reports, One Conclusion: Fossil Fuel Divestment Crucial to Combating Climate Change
[ http://ecowatch.com/2014/03/05/one-conc ... te-change/ ]
Exxon to Face Criminal Charges for 50,000+ Gallon Fracking Wastewater Spill
[ http://ecowatch.com/2014/01/03/exxon-cr ... ter-spill/ ]
[ http://priceofoil.org/2014/03/31/exxon-world-drop-dead/ ]
FOR IMMEDIATE RELEASE 31 March 2014
Contact: Steve Kretzmann,
Oil Change International, steve@priceofoil.org,
202-497-1033
WASHINGTON, DC —ExxonMobil released its carbon asset risk reports on Monday, in response to investor demand.
“If you haven’t yet had the pleasure of reading these reports, let me offer you a shorter version: Exxon to World: Drop Dead,” said Stephen Kretzmann, Executive Director of Oil Change International.
Exxon’s report, “Energy and Carbon – Managing the Risks” [ http://cdn.exxonmobil.com/~/media/Files ... 0Risks.pdf ] flatly states “we do not anticipate society being able to supplant traditional carbon- based forms of energy with other energy forms, such as renewables, to the extent needed to meet this carbon budget”.
Oil Change International Executive Director Stephen Kretzmann’s responded with the following:
“ExxonMobil is saying it doesn’t believe governments will keep their internationally agreed commitments to limit climate change to safe levels. This should not come as any surprise. Of course they don’t believe governments are going to address climate change adequately — they are in fact betting billions on the failure of climate and clean energy policy. And they’re shoring up their bet by buying politicians and spending millions to sow doubt and promote inaction.
Still, these reports represent the beginning of the next phase of the climate fight. Exxon is no longer ignoring or denying climate science. Now it is denying that the American people and people around the world have the will and the power to change our futures and save our children.
They are wrong and we look forward to proving it to them.”
Together with the Other 98% and Environmental Action, Oil Change International runs the “Exxon Hates Your Children” campaign, targeting the billions in government subsidies Exxon and other fossil fuel companies receive each year.
More can be found at [ http://exxonhatesyourchildren.com ] ###
= = = = = = =
ExxonMobil Ignores IPCC Warning, Vows to Burn All Oil Reserves
[ http://ecowatch.com/2014/04/14/exxon-cl ... -reserves/ ]
Andy Rowell, Oil Change International | April 14, 2014 11:22 am |
- - - -
QUOTE: “At the time, Executive Director (of Oil Change International) Steve Kretzmann said: “Of course they don’t believe governments are going to address climate change adequately—they are in fact betting billions on the failure of climate and clean energy policy. And they’re shoring up their bet by buying politicians and spending millions to sow doubt and promote inaction.””[/b]
- - - - -
Yesterday the world’s leading climate scientists, the Intergovernmental Panel on Climate Change (IPCC), published their final report [ http://ecowatch.com/2014/04/14/ipcc-fos ... ivestment/ ] in their recent trilogy of warnings about climate change. [ http://ecowatch.com/climate-change-news/ ]
The latest authoritative document, produced by 1,250 international scientists and approved by nearly 200 governments, argued that climate change can be avoided if we move fast to decarbonise the global economy, without having to sacrifice living standards energy.
“It does not cost the world to save the planet,” said economist Professor Ottmar Edenhofer, the co-chair of the report.
And the sooner we act the cheaper and better it will be. The report concluded that averting a two degree Celsius increase in temperature would only limit growth by the relatively tiny amount of 0.06 percent. But we have to act now if fighting climate change is to remain affordable. “The report is clear: the more you wait, the more it will cost [and] the more difficult it will become,” argued EU Climate Change Commissioner, Connie Hedegaard. [ http://www.theguardian.com/environment/ ... -report-un ]
A business-as-usual scenario [ http://www.theguardian.com/environment/ ... -report-un ] would lead to a catastrophic temperature rise of 3.7 Celsius to 4.8 Celsius rise in temperature before 2100. A temperature rise of that nature would wreak havoc on the climate and would vehemently alter life as we know it, causing significant sea level rise and extreme weather.
But it is this business-as-usual scenario that Exxon is betting on. Big time.
Two weeks ago, on the same day as the IPCC’s second report on climate change, [ http://ecowatch.com/2014/03/31/un-warns ... y-mankind/ ] Exxon published a deeply cynical rebuke in a report to investors. The oil company argued that, because it was “highly unlikely” that governments would address climate change, it was going to carry on drilling for oil and gas regardless.
ExxonMobil’s carbon asset risk report, which was published in response to investor demand, was a brazen, arrogant and deeply flawed vision of the future.
The oil company [ http://cdn.exxonmobil.com/~/media/Files ... 0Risks.pdf ] argued that “we are confident that none of our hydrocarbon reserves are now or will become ‘stranded’.”
This statement blindly flies in the face of the indisputable scientific evidence that a vast majority of fossil fuels will need to stay in the ground, if dangerous, runaway climate change will be avoided.
For the past decade a growing number of institutional investors, scientists and activists have argued that we cannot afford to burn all the fossil fuel reserves, if we want to keep climate change to below two degrees warming. [ http://ecowatch.com/2013/12/03/james-ha ... isastrous/ ]
The respected specialists in this area, Carbon Tracker [ http://www.theguardian.com/environment/ ... ash-crisis ] issued a report last year which concluded that at least two-thirds of fossil fuel reserves would have to remain underground if the world was to meet existing internationally agreed targets to avoid the threshold for “dangerous” climate change.
Exxon’s statement [ http://www.theguardian.com/environment/ ... -fuels-oil ] is a two-fingered response to this analysis and the latest IPCC report. Natasha Lamb, director of equity research at Arjuna Capital, a sustainable wealth management group responded by saying that “now investors know that Exxon is not addressing the low carbon scenario and (is) placing investor capital at risk.”
In response to Exxon’s statement Oil Change International [ http://priceofoil.org/ ] issued a press release, Exxon to World: Drop Dead, [ http://priceofoil.org/2014/03/31/exxon-world-drop-dead/ ] which sums up the oil company’s attitude.
At the time, Executive Director Steve Kretzmann said: “Of course they don’t believe governments are going to address climate change adequately—they are in fact betting billions on the failure of climate and clean energy policy. [ http://ecowatch.com/business/renewables/ ] And they’re shoring up their bet by buying politicians and spending millions to sow doubt and promote inaction.”
As Steve pointed out, what Exxon is doing is the next part of its long running campaign to delay action on climate change. For decades the oil giant has led the denial campaign against climate change, spending tens of millions in doing so.
So we have cobbled together a quick snapshot of the company’s 25 year “Drop Dead” denial campaign, where the oil company has deliberately obfuscated the debate, exaggerating the scientific uncertainties. Although the company is no longer ignoring or denying climate science, its denial campaign has entered into a new phase.
As Steve Kretzmann said last week: “Now it is denying that the American people and people around the world have the will and the power to change our futures and save our children.”
But this latest excuse for inaction is just part of Exxon’s twenty five years of saying to the world: “Drop Dead”
[b]MORE:
[ http://ecowatch.com/2014/04/14/exxon-cl ... -reserves/ ]
YOU ALSO MIGHT LIKE
13 Useful Tips for Climate Action From the IPCC Report
[ http://ecowatch.com/2014/04/02/13-guide ... cc-report/ ]
Two New Reports, One Conclusion: Fossil Fuel Divestment Crucial to Combating Climate Change
[ http://ecowatch.com/2014/03/05/one-conc ... te-change/ ]
Exxon to Face Criminal Charges for 50,000+ Gallon Fracking Wastewater Spill
[ http://ecowatch.com/2014/01/03/exxon-cr ... ter-spill/ ]